The ASX 200 jumped 45 points to finish at 8971 (0.5%). Despite banks under pressure, the index made good solid gains. The Big Bank Basket fell to $308.15 (0.5%) with WBC down 2.6% on an outlook statement for HY results. ANZ fell 1.0% with other financials doing better, MQG up 3.7% on a broker upgrade, NWL rising 2.7% and XYZ up 5.5%. Insurers were better with QBE gaining %. REITs saw buyers emerge, GMG up 1.6% and SCG rallying 1.4%. Tech was a winner today, WTC up 3.8% and XRO up 3.9% a day after MS downgraded, the All -Tech Index up 2.1%. Retail drifted lower, healthcare better but muted.

Resources were mixed, BHP soared 3.2% on copper exposure, RIO and FMG bumped higher and lithium stocks slightly better. Gold miners recovered but only modest gains, GGP up 1.3% and WAF up 1.8%. SFR also doing well on copper exposure, up 3.3%. Oil and gas stocks slipped, WDS down 0.6% and uranium stocks soared as long term prices increased, PDN up 6.3% and LOT up 9.7%.

In corporate news, CU6 signed a commercial manufacturing agreement with Nucleus RadioPharma, UNI fell 1.5% after its CEO announced retirement plans. QAN also landing softly after warning on higher jet fuel costs.

In economic news, Consumer confidence was heading lower according to Melbourne Institute.

Asian markets soar, Japan up 2.4%, HK up 0.1% and China up 0.3%. 10-year yields fall to 4.94%.

US Futures jump, Nasdaq up 35, Dow down 5. Europe is opening higher.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.